Peel Hunt Reaffirms Buy Rating for Ricardo (RCDO)

Peel Hunt reaffirmed their buy rating on shares of Ricardo (LON:RCDO) in a research report released on Thursday morning.

A number of other equities research analysts also recently weighed in on RCDO. Liberum Capital reiterated a buy rating and issued a GBX 1,130 ($14.72) price target on shares of Ricardo in a research report on Thursday. Berenberg Bank reiterated a sell rating and issued a GBX 680 ($8.86) price target on shares of Ricardo in a research report on Thursday, September 6th.

Shares of LON:RCDO opened at GBX 844 ($10.99) on Thursday. Ricardo has a 12-month low of GBX 691 ($9.00) and a 12-month high of GBX 1,028.18 ($13.39).

Ricardo (LON:RCDO) last issued its quarterly earnings data on Thursday, September 13th. The company reported GBX 57.30 ($0.75) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of GBX 55.90 ($0.73) by GBX 1.40 ($0.02). Ricardo had a return on equity of 20.93% and a net margin of 8.32%.

The firm also recently declared a dividend, which will be paid on Friday, November 23rd. Stockholders of record on Thursday, November 8th will be given a GBX 14.71 ($0.19) dividend. This represents a dividend yield of 1.72%. This is an increase from Ricardo’s previous dividend of $5.75. The ex-dividend date of this dividend is Thursday, November 8th.

Ricardo Company Profile

Ricardo plc primarily provides engineering, technical, environmental, and strategic consultancy services for transportation original equipment manufacturers and operators, supply chain organizations, energy companies, financial institutions, and government agencies. The company operates through Technical Consulting and Performance Products segments.

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